PropTech supplier Goodlord, which says it’s working with 1,100 agency branches already, has introduced a new product.
It says its Rent Collection tool automatically sends tenants a reminder to pay three days before their rent is due, and chases again as soon as a payment is late.
It also claims to ensure that 100 per cent of all rental payments are reconciled correctly through unique account numbers.
For some customers, the automatic claims process will kick in if rent is more than two weeks late.